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Greek 1883 1 Drachma

Greece

1883

Reference data compiled from public catalogs

Market Price Range

$35.18$199.99$199.99

Based on 2 eBay listings · Prices vary by grade and condition

Estimated Melt Value

$10.85

Based on Silver spot price ($80.83/oz) · 83.5% purity · 5g

Updated 7:46 PM

Collector premium not included

Specifications

CountryGreece
Years Minted1883
Composition83.5% silver
Weight5 g
Diameter30 mm
ShapeRound
EdgeReeded

Design

Obverse

Head of King George I facing right.

Reverse

Crowned shield with the Greek coat of arms and the denomination.

History & Notable Facts

The 1883 Greek 1 Drachma was struck at the Paris Mint, a nod to Greece's dependence on foreign expertise for its currency production at the time.

That arrangement meant Greek coins often bore the mark of French engravers, who crafted the obverse with a profile of King George I, his features stern and unyielding. The reverse featured a simple wreath enclosing the denomination, all in .835 fine silver for durability in everyday use. These coins entered circulation amid Greece's efforts to stabilize its economy after years of turmoil.

Records of exact mintage figures have been lost, possibly in bureaucratic reshuffles of the era. What survives is the coin's role as a standard piece in the drachma series, valued for its intrinsic metal content.

One wonders if the French mint workers ever paused to consider how their creations would end up in the pockets of olive farmers rather than Parisian cafes.

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